H 583 Vermont House · 2023-2024 Regular Session

An act relating to the Donor Intent Protection Act

This bill creates the Donor Intent Protection Act to give charitable donors legal options when their endowment restrictions are not followed by recipient organizations. It establishes a private right of action allowing donors to sue in state court within six years of discovering a breach, without seeking monetary damages. The law also permits charitable organizations to seek court declarations about how to interpret or enforce their endowment agreements. Importantly, if a violation is found, courts can order remedies consistent with the donor's original purpose but cannot require the return of donated funds. The bill applies to tax-exempt charitable organizations that manage endowment funds with written donor restrictions.
Bill status introduced 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 3, 2024 Last action Jan 3, 2024
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Jan 3, 2024
Introduced
Read first time and referred to the Committee on Judiciary
lower
1 primary · 0 co-sponsors

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P
Photo of Tom Burditt
Tom Burditt
RRepublican
VT
Rutland-2